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Side-by-side financial comparison of AMDOCS LTD (DOX) and Freedom Holding Corp. (FRHC). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $628.6M, roughly 2.0× Freedom Holding Corp.). Freedom Holding Corp. runs the higher net margin — 12.1% vs 11.2%, a 0.9% gap on every dollar of revenue. On growth, AMDOCS LTD posted the faster year-over-year revenue change (1.1% vs -4.1%). Over the past eight quarters, Freedom Holding Corp.'s revenue compounded faster (16.3% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

Freedom Holding Corp. is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, banking and other consumer services. Its main area of focus is in the American stock market, as well as the markets of Europe and Central Asia, mainly Kazakhstan.

DOX vs FRHC — Head-to-Head

Bigger by revenue
DOX
DOX
2.0× larger
DOX
$1.3B
$628.6M
FRHC
Growing faster (revenue YoY)
DOX
DOX
+5.2% gap
DOX
1.1%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
0.9% more per $
FRHC
12.1%
11.2%
DOX
Faster 2-yr revenue CAGR
FRHC
FRHC
Annualised
FRHC
16.3%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q3 FY2026

Metric
DOX
DOX
FRHC
FRHC
Revenue
$1.3B
$628.6M
Net Profit
$140.3M
$76.2M
Gross Margin
96.0%
Operating Margin
14.1%
14.9%
Net Margin
11.2%
12.1%
Revenue YoY
1.1%
-4.1%
Net Profit YoY
-12.0%
-2.6%
EPS (diluted)
$1.21
$1.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOX
DOX
FRHC
FRHC
Q4 25
$628.6M
Q3 25
$526.1M
Q2 25
$533.4M
Q1 25
$363.7M
Q4 24
$655.2M
Q3 24
$580.9M
Q2 24
$1.3B
$450.7M
Q1 24
$1.2B
$464.7M
Net Profit
DOX
DOX
FRHC
FRHC
Q4 25
$76.2M
Q3 25
$38.7M
Q2 25
$30.4M
Q1 25
$-142.7M
Q4 24
$78.3M
Q3 24
$114.7M
Q2 24
$140.3M
$34.4M
Q1 24
$118.5M
$95.2M
Gross Margin
DOX
DOX
FRHC
FRHC
Q4 25
96.0%
Q3 25
97.1%
Q2 25
97.4%
Q1 25
96.6%
Q4 24
98.6%
Q3 24
99.1%
Q2 24
99.0%
Q1 24
Operating Margin
DOX
DOX
FRHC
FRHC
Q4 25
14.9%
Q3 25
11.5%
Q2 25
7.6%
Q1 25
-42.7%
Q4 24
15.0%
Q3 24
22.1%
Q2 24
14.1%
9.2%
Q1 24
12.5%
22.5%
Net Margin
DOX
DOX
FRHC
FRHC
Q4 25
12.1%
Q3 25
7.4%
Q2 25
5.7%
Q1 25
-39.2%
Q4 24
11.9%
Q3 24
19.7%
Q2 24
11.2%
7.6%
Q1 24
9.5%
20.5%
EPS (diluted)
DOX
DOX
FRHC
FRHC
Q4 25
$1.25
Q3 25
$0.63
Q2 25
$0.50
Q1 25
$-2.35
Q4 24
$1.29
Q3 24
$1.89
Q2 24
$1.21
$0.57
Q1 24
$1.01
$1.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOX
DOX
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$869.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
Total Assets
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
FRHC
FRHC
Q4 25
$869.2M
Q3 25
$636.0M
Q2 25
$567.9M
Q1 25
$837.3M
Q4 24
$577.9M
Q3 24
$569.2M
Q2 24
$718.7M
Q1 24
$545.1M
Stockholders' Equity
DOX
DOX
FRHC
FRHC
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.1B
Q1 24
$1.2B
Total Assets
DOX
DOX
FRHC
FRHC
Q4 25
$12.4B
Q3 25
$10.3B
Q2 25
$9.7B
Q1 25
$9.9B
Q4 24
$9.1B
Q3 24
$8.8B
Q2 24
$8.5B
Q1 24
$8.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOX
DOX
FRHC
FRHC
Operating Cash FlowLast quarter
$717.8M
Free Cash FlowOCF − Capex
$651.7M
FCF MarginFCF / Revenue
103.7%
Capex IntensityCapex / Revenue
10.5%
Cash ConversionOCF / Net Profit
9.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
FRHC
FRHC
Q4 25
$717.8M
Q3 25
$535.3M
Q2 25
$480.8M
Q1 25
$1.3B
Q4 24
$-72.8M
Q3 24
$-438.0M
Q2 24
$854.1M
Q1 24
$309.0M
Free Cash Flow
DOX
DOX
FRHC
FRHC
Q4 25
$651.7M
Q3 25
$456.4M
Q2 25
$450.0M
Q1 25
Q4 24
$-92.7M
Q3 24
$-447.5M
Q2 24
$829.9M
Q1 24
FCF Margin
DOX
DOX
FRHC
FRHC
Q4 25
103.7%
Q3 25
86.7%
Q2 25
84.4%
Q1 25
Q4 24
-14.1%
Q3 24
-77.0%
Q2 24
184.1%
Q1 24
Capex Intensity
DOX
DOX
FRHC
FRHC
Q4 25
10.5%
Q3 25
15.0%
Q2 25
5.8%
Q1 25
Q4 24
3.0%
Q3 24
1.6%
Q2 24
5.4%
Q1 24
Cash Conversion
DOX
DOX
FRHC
FRHC
Q4 25
9.42×
Q3 25
13.82×
Q2 25
15.82×
Q1 25
Q4 24
-0.93×
Q3 24
-3.82×
Q2 24
24.83×
Q1 24
3.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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